If the gold price hits $10,000 an ounce, that means the silver price will also see major success
So far, the silver price has made significant gains in 2016—rising 40.63 percent for the year, from $14.38 to $19.80. The grey metal even reached as high as $21 an ounce, post Brexit, but some insiders are saying the metal could potentially reach $1,000 an ounce.
Keith Neumeyer, president and CEO of First Majestic Silver (TSX:FR) recently explained why he believes the silver price will boom, and it’s tied to the gold price exploding as well.
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